Economy

U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty

U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty

The central bank warned that geopolitical tensions are clouding the inflation outlook

Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated

Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated

Eurostat data showed inflation accelerated across both the euro area and the European Union

Bank of Japan raises interest rates to 31-year high

Bank of Japan raises interest rates to 31-year high

The central bank raised its short-term policy rate to 1 percent from 0.75 percent, pushing borrowing costs to their highest level since 1995

U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent

U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent

Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentum

Putin affirms BRICS drives growth as bloc generates 49 percent of global GDP expansion, $1 trillion in trade

Putin affirms BRICS drives growth as bloc generates 49 percent of global GDP expansion, $1 trillion in trade

The member states' share of global trade has more than doubled since inception

Japan’s foreign reserves drop by record $77.11 billion in May, lowest since July 2025

Japan’s foreign reserves drop by record $77.11 billion in May, lowest since July 2025

Sharp decrease is largely attributed to aggressive efforts by Tokyo authorities to stabilize the yen

Eurozone’s May Composite PMI falls to 48.5 as shrinking demand, inflation signal 0.2 percent Q2 GDP contraction

Eurozone’s May Composite PMI falls to 48.5 as shrinking demand, inflation signal 0.2 percent Q2 GDP contraction

Private sector activity contracts at fastest pace in 18 months

Japan’s Q1 2026 real GDP expands 0.5 percent, marking an annualized 2.1 percent growth rate

Japan’s Q1 2026 real GDP expands 0.5 percent, marking an annualized 2.1 percent growth rate

Nominal gross domestic product increases 0.8 percent during the three-month period

FAO warns food prices surge 1.6 percent in April, cuts 2026 wheat output forecast to 817 million tons

FAO warns food prices surge 1.6 percent in April, cuts 2026 wheat output forecast to 817 million tons

Cereals, rice follow oil surge; meat prices smash record

ECB Lagarde rejects eurozone stagflation fears despite rising growth, inflation risks

ECB Lagarde rejects eurozone stagflation fears despite rising growth, inflation risks

Baseline forecasts 0.9 percent 2026 expansion rates steady amid oil shock divergence

Japan signs $2.2 billion loans for projects under $550 billion U.S. investment pledge

Japan signs $2.2 billion loans for projects under $550 billion U.S. investment pledge

The first three projects include an oil export facility in Texas, an industrial ⁠diamond plant and a natural gas-fired power plant

U.S. national debt surpasses 100 percent of GDP, hits 100.2 percent in March as it echos WWII highs

Banking & Finance

U.S. national debt surpasses 100 percent of GDP, hits 100.2 percent in March as it echos WWII highs

Public debt $31.27 trillion exceeds annual GDP record borrowing inaction

EU-Mercosur trade deal takes effect, cuts tariffs and opens 700 million-consumer market for EU exports

EU-Mercosur trade deal takes effect, cuts tariffs and opens 700 million-consumer market for EU exports

The deal unlocks major trade gains

U.S. Q1 2026 GDP grows 2 percent, beats forecasts amid inflation and global headwinds

U.S. Q1 2026 GDP grows 2 percent, beats forecasts amid inflation and global headwinds

GDP accelerates amid energy shock

Bank of England holds rates at 3.75 percent citing energy uncertainty, elevated inflation risks

Bank of England holds rates at 3.75 percent citing energy uncertainty, elevated inflation risks

MPC 8-1 vote warns of rising U.K. inflation risks from oil shock

Eurozone inflation hits 3 percent in April on energy surge amid Q1 GDP growth of 0.1 percent

Eurozone inflation hits 3 percent in April on energy surge amid Q1 GDP growth of 0.1 percent

Energy prices spiked 10.9 percent amid SoH blockade fueling stagflation fears

Bank of Japan holds interest rate at 0.75 percent, raises inflation forecast by 0.9 percent

Bank of Japan holds interest rate at 0.75 percent, raises inflation forecast by 0.9 percent

Central bank keeps policy steady in 6–3 vote as market expected

India and New Zealand sign free trade deal, announce $20 billion investment commitment

India and New Zealand sign free trade deal, announce $20 billion investment commitment

The investment commitment of $20 billion from New Zealand signals strong confidence in India’s growth story

Euro area economy contracts first time in 16 months as April PMI falls to 48.6 on services slump, energy cost pressures

Euro area economy contracts first time in 16 months as April PMI falls to 48.6 on services slump, energy cost pressures

Business activity weakens

India and South Korea announce plans to double trade to $50 billion by 2030

India and South Korea announce plans to double trade to $50 billion by 2030

The two sides agreed to substantially deepen economic cooperation, with a focus on industries such as shipbuilding, defense and artificial intelligence

U.S. inflation reaches 2-year high of 3.3 percent in March as gas price surge impacts broader economy

U.S. inflation reaches 2-year high of 3.3 percent in March as gas price surge impacts broader economy

Gasoline prices climbed 21.2 percent in March, marking record increase since 1967

U.S. Q4 GDP growth revised lower to 0.5 percent as investment weakens

U.S. Q4 GDP growth revised lower to 0.5 percent as investment weakens

The Commerce Department reported a step down from the prior 0.7 percent growth figure for the quarter

Sri Lanka secures IMF agreement for $700 million, commits to reforms for economic stability

Sri Lanka secures IMF agreement for $700 million, commits to reforms for economic stability

Country implemented fuel rationing and 35 percent price hike to preserve foreign reserves

U.S. Federal Reserve minutes reveal policy split as officials weigh potential interest rate hikes

U.S. Federal Reserve minutes reveal policy split as officials weigh potential interest rate hikes

Fed officials forecast slower progress toward 2 percent inflation goal amid energy volatility